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Going beyond energy accounting for sustainability: Energy, fund elements and the economic process

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  • Mayumi, Kozo
  • Tanikawa, Hiroki

Abstract

The main purpose of this paper is to examine to what extent the widely used energy accounting schemes are useful for dealing with sustainability issues in view of Georgescu-Roegen’s production process and its implications for the evolutionary aspects of the economic process. The first part critically examines the concept of “net energy” in relation to material elements produced and consumed in the economic process in light of Georgescu-Roegen’s bioeconomics. The first part also considers the issue of what is produced in the economic process and emphasizes the importance of matter in bulk. The second part first compares the theoretical basis of embodied energy analysis (EEA) from the point of view of Piero Sraffa, a point of view not examined by Georgescu-Roegen. The second part also examines EEA critically in terms of Georgescu-Roegen’s flow-fund model and compares Sraffa’s analysis and Georgescu-Roegen’s flow-fund model.

Suggested Citation

  • Mayumi, Kozo & Tanikawa, Hiroki, 2012. "Going beyond energy accounting for sustainability: Energy, fund elements and the economic process," Energy, Elsevier, vol. 37(1), pages 18-26.
    • Handle: RePEc:eee:energy:v:37:y:2012:i:1:p:18-26
    DOI: 10.1016/j.energy.2011.04.050
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    References listed on IDEAS

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    Cited by:

    1. Xiaohui, Chen & Tiansong, Wang & Piano, Samuele Lo & Mayumi, Kozo, 2015. "China's metabolic patterns and their potential problems," Ecological Modelling, Elsevier, vol. 318(C), pages 75-85.
    2. Yoann Verger, 2015. "Sraffa and ecological economics: review of the literature," Working Papers hal-01182894, HAL.
    3. Fu, Feng & Pan, Lingying & Ma, Linwei & Li, Zheng, 2013. "A simplified method to estimate the energy-saving potentials of frequent construction and demolition process in China," Energy, Elsevier, vol. 49(C), pages 316-322.
    4. Kozo Mayumi & Mario Giampietro, 2014. "Toward Partial Redirection of Energy Policy for Responsible Development," UHE Working papers 2014_01, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
    5. Mertzanis, Charilaos & Garas, Samy & Abdel-Maksoud, Ahmed, 2020. "Integrity of financial information and firms' access to energy in developing countries," Energy Economics, Elsevier, vol. 92(C).

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